BUSINESS ETHICS
IN SOCIAL RESPONSIBILITY
PRESENTED BY GROUP 1
THE CORE PRINCIPLES UNDERLYING
FAIRNESS, ACCOUNTABILITY, AND
TRANSPARENCY IN BUSINESS
OPERATION AND STEWARDSHIP
OBJECTIVE
To
help
the
business
organization get on the right
track, there are three core
principles that should be
implemented in its operation
-fairness, accountability, and
transparency.
FAIRNESS
This is the standard of judging which is exempted from bias
or prejudice.When someone displays fairness in making
decision, he/she pleases all involved parties and offers a
solution that is beneficial to everyone. In business context,
fairness means balancing the interests involved in all
decision-making including those related to hiring, firing, and
the compensation and reward system. Employees think of
their organizations as just when the rewards and the way
they are distributed are fair.
Fairness is giving to a person what is due to him/her. It has
something to do with justice because the employer checks
whether the members have the benefits and burdens
distributed evenly to them..
EXAMPLE OF FAIRNESS
1
A boss listening to both sides of the story
before judging who is right and who is
wrong..
2
An employer giving 13th month pay to all
his/her employees.
3
. A person paying the right price for a
product purchased or for a service
received.
ACCOUNTABILITY
The most important aspect of preventing and detecting corruption is the
sound accountability structures. A civil society organization without proper systems of
accountability is fragile and open to rumors of mismanagement and abuse of authority.
Worst of all, lacking it will prevent the organization from enjoying full respect and
legitimacy in the eyes of its stakeholders, including those bearers of duties that it
intends to advocate with.
Accountability is the explication and justification process. It is about testing,
forming a judgment, and taking an action if necessary. It also comes with
responsibilities. Holding people to account for those actions which they are
responsible for is fair.
Accountability is therefore an obligation to demonstrate that work has been
carried out in accordance with agreed rules and standards, or to report on
performance results fairly and accurately in relation to mandated roles and/or plans.
EXAMPLE OF ACCOUNTABILITY
1
A cashier admits he/she lost the company’s
collection and it is his/her
mistake.
2
An engineer who is assigned on a project is
the one to be blamed if the
project did not meet the deadlines.
3
Employee A recommended his cousin to be their
company janitor, but the latter stole the cellular
phone of their secretary. Therefore, Employee A
maybe blamed for recommending his/her cousin
and should pay or replace the lost cellphone.
TRANSPARENCY
Transparency, at the individual level, considers intrinsic or ethical salience as
an important feature of the relational dimension of a person. It is described as a personal
quality which is necessary to develop unity between and among individuals.. A
transparent approach makes a person more honest and sincere in his/her relationships, in
communicating his/her points of view, and in working actively to
find shared meanings and goals..
Organizationally speaking, the instrumental salience of transparency is identified as an
important mechanism for ensuring social responsibility. For example, adequate disclosure
is required to inform donors of how an organization uses its money.
Transparency helps people to consider how the actions of social organizations
such as multinational agencies and non-governmental groups offer meaningful
support to civil society and whether funding is being properly spent.
EXAMPLE OF TRANSPARENCY
1
Reporting
accurately
the
company’s
financial situation and risks to investors.
2
.Holding and selecting bids according to an
open pre-defined process.
3
Having an open process of decision-making
such as in hiring additional
employees
DOES ANYONE HAVE
ANY QUESTIONS?
Raise your hand, please
THANK
YOU
for your attention